CONTROL OF INTERNALLY GENERATED FUNDS IN GOVERNMENT HOSPITALS

Abstract

This study evaluates the financial controls on internally generated funds in three government hospitals in Kumasi. Critical examinations were conducted on the internal controls of each hospital to ascertain their effectiveness and efficiency. Whiles most of the controls from revenue generation to accounts management were similar due to policy directives from the ministry of health, the hospitals reserve the right to implement other control activities to attain the control goals set by the Ministry of Health. The results suggest that the controls on the internally generated funds are strong and leave little or no room for losses due to errors in processing, embezzlement and fraudulent acts. The increases in revenue from the mobilization points after the introduction of new control procedures such as swapping seem to suggest that the existing controls are more efficient than the previous ones. The evaluation further suggests the use of electronic ticketing systems and the computerization of the whole financial setup will further improve the revenue mobilization and internal transactions.